Business
Foreign investment shake-up could be fatal to startups – Sydney Morning Herald
Technology companies are worried the proposed changes to Australia’s foreign investment rules could jeopardise their access to funding.
Q-Ctrl provides control-engineering software that reduces error and noise in quantum computing hardware and last year raised $US15 million ($20 million) in funding with 44 per cent of its capital coming from foreign sources, including US-based fund Sequoia Capital, a heavy investor in Australian startups.
Mr Biercuk is worried the startup will struggle to attract investors in the future because of the proposed reforms, which characterises a national security business as anything where defence …
-
General17 hours agoF1 live Belgian Grand Prix: Oscar Piastri starts second behind Lando Norris, wet race forecast for Spa-Francorchamps
-
General8 hours agoThailand and Cambodia to hold negotiations in Malaysia over border conflict
-
General22 hours agoIsraeli troops board Gaza-bound activist boat in international waters, two Australians onboard
-
General18 hours agoMan in critical condition after police shooting at Townsville shopping centre